Wednesday 22 March 2017

Elan rises as Q1 net loss narrows

Elan rose as much as 2.6pc in Dublin as the pharmaceutical company said its first-quarter net loss narrowed to $2m from $102.6m a year earlier.

The company rose as much as 14.4 cents to €5.74 and traded at that level at 8:09am.

Speaking on RTE radio today, Elan CEO Kelly Martin said he expects 2010 to be a “very good” year for the company.

Bloomberg

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